It charges an average annual 0.12% fee for money parked on its T-bill platform, though that varies by customer, Arvanaghi says. Similarly, it collects a small interest rate spread on the checking accounts through its bank partners.
Under a president who has installed pro-copyright regulators and pledged to end the alleged Operation Chokepoint 2.0, that risk feels remote. But what about after Trump? “From a risk management point of view, I don't think it's prudent for a company like ours to have solely accounts with American fintechs,” says McIntyre.
is a rapidly growing US-based business banking fintech that offers startups and high-growth companies high interest checking accounts, high cashback cards, low-fee invoicing, and all the financial products startups need to operate at the most affordable price possible.
“It’s funny because the question I got most when we started the company was, ‘Oh, what happens when rates rise? Meow’s going to fail.’ And now the question is, ‘What happens when rates go down?
This automation enables Meow to efficiently handle the lowest-risk cases while significantly enhancing the efficiency of their compliance team’s review.
Matrixport serves the copyright and blockchain technology sectors, targeting individual and institutional investors. It was founded in 2019 and is based in Singapore, Singapore.
In June 2022, five months before copyright exchange FTX collapsed, Brandon Arvanaghi and Bryce Crawford began returning funds to the customers of Meow, the neobank they had launched to help startups and small businesses earn a return on idle corporate cash through copyright.
Silicon Valley Bank, one of the top 20 banks in the US, is seemingly in trouble. And some folks on twitter are recommending moving cash to a fintech named Meow.”
Mercury also has a venture debt platform where startups can apply to receive funding from venture capitalists and saw large inflows during the fall of SVB. Arvanaghi is uncowed. “This pie is enormous and we're just getting started,” he says.
This website is using a security service to protect itself from online attacks. The action you just performed meow business triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
“We just committed to getting in a closed room and coding and hoping, having the blind confidence something would work out,” Arvanaghi recalls.
Meow’s early clients have been other startups such as venture deal platform Sydecar and investing focused social media site Stocktwits. But it plans to go after other types of small-to-medium sized businesses, including professional service firms like dental and law offices.
It was both a prudent and gutsy decision. Prudent, because after the collapse of stablecoin TerraUSD in mid-May of 2022, they began hearing rumors that copyright hedge fund Three Arrows Capital would go bankrupt — which it soon did, eventually bringing a bundle of connected firms down. Gutsy, because just weeks before, they had closed a $22 million series A fundraising round from investors including Tiger Global, QED and yes, FTX itself.
copyright exchanges did not offer critical controls such as spending limits, approval flows, or visibility across teams. Without these safeguards, USDC operations introduced unnecessary risk and complexity for finance leaders responsible for managing treasury at scale.
TrueBiz's risk assessments give us added confidence in reviewing and onboarding new businesses in a timely manner."